Home
/
RELIGION & LIBERTY ONLINE
/
Unemployment as Economic-Spiritual Indicator — May 2016 Report
Unemployment as Economic-Spiritual Indicator — May 2016 Report
May 18, 2025 4:49 PM

Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight the latest numbers we need to know (see also: What Christians Should Know About Unemployment).

Positive news is marked with the plus sign (+) while negative employment data is marked with a minus sign (-). No significant change is marked by (NC).

Overview:While most of the metrics were positive, few jobs were added and a large number of Americans dropped out of the labor for, making this one ofthe worst jobs report in years.

Number of new jobs added(): 38,000

Unemployment rate (+): 4.7 percent

Total number unemployed (NC): 7.4 million.

Employment-population ratio (NC): 59.7 percent.

Change by worker groups: adult men (+), adult women (+), teenagers (NC), blacks (NC), whites (+), Asians (NC), and Hispanics (+).

Long-term unemployed (+): 1.9 million and accounted for 25.1 percent of the unemployed.

Civilian labor force participation rate (-): 62.6 percent.

Persons employed part time for economic reasons (-): 6.4 million.

Discouraged workers (+): 538,000.

Glossary:

Unemployment: According to the federal government, to be unemployed a person must (a) be jobless, (b) looking for a job, and (c) available for work.People are considered employed if they have a job (whether temporary, part-time, etc.). People who are neither employed nor unemployed are considered to be not in the labor force.

Unemployment rate: Calculated by dividing the number of unemployed individuals by all individuals currently in the labor force.

Total number unemployed: number of people unemployed in America in the previous month.

Employment-population ratio: measures the proportion of the country’s working-age population (ages 16 to 64) that is employed. This number includes people that have stopped looking for work.

Change by worker groups: whether the number of unemployed in that group increased or decreased.

Long-term unemployed: People who have been unemployed for 12 months or longer.

Civilian labor force participation rate: share of the population 16 years and older working or seeking work.

Persons employed part time for economic reasons: individuals who would have preferred full-time employment but were working part time because their hours had been cut back or because they were unable to find a full-time job.

Discouraged workers: unemployed individuals who have stopped looking for work for one of four reasons:

1. They believe no job is available to them in their line of work or area.

2. They had previously been unable to find work.

3. They lack the necessary schooling, training, skills, or experience.

4. Employers think they are too young or too old, or they face some other type of discrimination.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Religion in the ’08 election
Some of the most extensive discussion of a very extensively discussed subject here in the U.S.—religion and politics—occurs at the Pew Forum. The online proceedings of an early December conference on the subject were just brought to my attention. Of particular interest is the transcript of the presentation by John Green. Green, who cooperated with Acton years ago on our survey of economics in seminaries, is arguably the most respected and most widely quoted authority on religion and electoral behavior....
Radio free Acton hits the web!
The Acton Institute is proud to unveil the first edition of our brand new audio podcast, Radio Free Acton! We’re excited about the possibilities of taking our podcast to the next level, and we hope that if you haven’t already subscribed to our feed, that you’ll do so now. Just add this link to whatever podcasting program you use, or subscribe through iTunes right here. For our first show, I’m joined by Jordan Ballor, Ray Nothstine, and John Couretas to...
Rev. Sirico on ‘Spe Salvi’ in the Detroit News
Rev. Sirico wrote about Pope Benedict XVI’s recent encyclical, Spe Salvi, in an op-ed in the Detroit News yesterday. In the encyclical, writes Sirico, “Pope Benedict XVI has delivered a wonderful — and oh-so-needed — reminder of what socialism was (and is), and why it went wrong.” Sirico summarizes the practical and moral problems with socialism that are explained in Spe Salvi, and the gaping holes that Marx left in his theories. Marx believed that all the problems associated with...
Wake up black democrats: Hillary camp disrespects and patronizes blacks
Every Black democrat in America should read today’s column by Nathan McCall in the Atlanta-Journal Constitution titled “Clinton gets proxy to play race card.” Hilary and her supporter’s antics are now playing the race card against Obama. Why? Perhaps the Clinton’s didn’t expect a non-white person to be in contention against established power brokers. Democrats with black leadership is meant for rhetoric only many would say. McCall reminds us that Hillary Clinton seems ultimately self-interested and will use blacks as...
Acton Media Roundup: Jay Richards on Studio B with Shepard Smith
Dr. Jay Richards made an appearance on Studio B with Shepard Smith on the Fox News Channel this afternoon. If you didn’t catch it live, we have the clip right here, courtesy of Fox News: ...
William Cowper: The troubled and talented saint
The English poet and hymn writer William Cowper (1731-1800, pronounced Cooper) was afflicted with severe bouts of depression and haunting despair for virtually all of his life. While he was a contemporary of George Whitefield and John Wesley, and Rev. John Newton served as a mentor, many have not heard of this 18th century English writer. Much of Cowper’s depression and anguish stems from the death of his mother and four of his siblings all by the age of six....
Fear and hope
Zenit News Service’s Father John Flynn, LC, offers an extremely perceptive analysis of a seemingly expanding culture of fear. He manages to tie together climate change hysteria, current electoral politics, and the pope’s recent encyclical. Its conclusion: A world without God is a world without hope …. Perhaps, then, we should not be surprised at the fear-ridden state of modern society. Along with science, humanity needs to rediscover its faith in God if it is to heal the deeper sources...
The ‘power’ of new media
Why listen to the new Radio Free Acton podcast? Because you’ll have the opportunity to hear news analysis before old media gets around to reporting it. Here’s a case in point. In the inaugural January 11 edition of Radio Free Acton, I say the following: I think what’s resonating with people in Michigan is Mike Huckabee as an example of what’s being called the “new evangelicals.” The mainstream media has really missed this, I think, because they’re associating “new” evangelicals,...
Do Iowa and New Hampshire choose the short list?
Iowa and New Hampshire represent less than 1.5% of the U.S. population, but the way many pundits talk, these two small states apparently possess some obscure Constitutional right to choose the short list of presidential candidates for the rest of us. After the Hillary Clinton’s second place finish in the Iowa caucuses, several journalists—apparently stricken with Obama Fever—were writing her campaign obituary, never mind that she led national polls of likely Democratic voters and has enough campaign cash to buy...
Still ‘Busted,’ forty years later
Yesterday was the fortieth anniversary of Johnny Cash’s live recording of the album At Folsom Prison. On the 1999 re-release, the brief song “Busted” (originally recorded by Cash in 1962) was included. And while the price of cotton is more like 50 cents per pound now (which is much lower than the cost of inflation over the same period), the song still speaks to the situation of many folks today: “My bills are all due and the babies need shoes...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved